People: Arren Goldman, Partner

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Arren Goldman

Partner

New York
Direct: (212) 218-3331
Fax: (212) 218-5526
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Arren Goldman is a Partner in the Real Estate Practice Group in the New York office of Seyfarth Shaw LLP.  Mr. Goldman concentrates his practice in commercial real estate transactions and is the Co-Lead of Seyfarth’s Distressed Situations Resource Team.
 
Mr. Goldman represents lenders, developers, owners and investors in a variety of complex real estate financing transactions, including EB-5 matters.  Additionally, Mr. Goldman represents loan servicers in connection with a wide array of loan servicing matters, including transfer of ownership matters (such as non-permitted equity transfers and loan assumptions), property substitutions and leasing-related matters.  Mr. Goldman also works on commercial leasing and real estate development matters as well as real estate acquisitions and dispositions.
 
Throughout his career, Mr. Goldman has closed numerous acquisition, permanent, interim/bridge, construction and mezzanine loans.  He also has led teams that have closed over $100 million in mortgage loans, secured by various properties around the country, for securitization in the capital markets, and has worked on syndicated and participation loan transactions.
 
Mr. Goldman is heavily involved with distressed asset situations.  He has worked on many loan workouts and restructurings.
 
A few of his most recent engagements include:
  • A loan servicing matter involving the assumption of a $780 million loan in connection with the sale, for $1.3 billion, of a landmark office building in Chicago.
  • Additional loan assumptions ranging from $9.9 million to $225 million, including one with a reverse 1031 component, with respect to an office building in Ohio, a mixed use building in Manhattan, a portfolio of campus apartments in Pennsylvania, hotels in Minnesota and Dallas and shopping malls in Oregon, Utah and New Jersey.
  • Non-permitted equity transfer requests with respect to, among others, a six-loan, $92 million loan portfolio secured by 30 properties located around the country, a loan portfolio totaling over $1.6 billion secured by 22 shopping centers located in 11 states, a $6 billion loan portfolio secured by 44 shopping centers throughout the United States and a $98 million loan portfolio secured by five office buildings located in three states.
  • A consent request for a non-permitted preferred equity investment with respect to a major office building in Manhattan encumbered by a $110 million CMBS mortgage loan.
  • A $60 million complex construction loan with a $6 million earn-out component for an office building in Oregon and a $44 million construction loan for an office building and parking garage in California.
  • The origination, modification and assumption of a $78 million mortgage loan facility secured by 22 hotel properties in multiple states.
  • Two ground-up, hotel construction loans ($60 million and $30 million).
  • The work-out of two Florida hotel construction and renovation loans ($51 million and $37 million).
  • The restructuring of a $102 million construction loan originated by an Irish bank for a mixed use project in Manhattan.
Mr. Goldman, together with other Seyfarth attorneys, has devoted a significant amount of time to counseling various emerging international companies on real estate, corporate, labor and employment, tax and other legal matters.
 
A member of the Firm’s Pro Bono Committee, Mr. Goldman has represented various not-for-profit organizations in connection with leasing and other real estate matters, including a children’s museum, a ballet company, a dance organization, an organization that provides support services to children in need and a group that encourages corporate philanthropy.
Arren Goldman is a Partner in the Real Estate Practice Group in the New York office of Seyfarth Shaw LLP.  Mr. Goldman concentrates his practice in commercial real estate transactions and is the Co-Lead of Seyfarth’s Distressed Situations Resource Team.
 
Mr. Goldman represents lenders, developers, owners and investors in a variety of complex real estate financing transactions, including EB-5 matters.  Additionally, Mr. Goldman represents loan servicers in connection with a wide array of loan servicing matters, including transfer of ownership matters (such as non-permitted equity transfers and loan assumptions), property substitutions and leasing-related matters.  Mr. Goldman also works on commercial leasing and real estate development matters as well as real estate acquisitions and dispositions.
 
Throughout his career, Mr. Goldman has closed numerous acquisition, permanent, interim/bridge, construction and mezzanine loans.  He also has led teams that have closed over $100 million in mortgage loans, secured by various properties around the country, for securitization in the capital markets, and has worked on syndicated and participation loan transactions.
 
Mr. Goldman is heavily involved with distressed asset situations.  He has worked on many loan workouts and restructurings.
 
A few of his most recent engagements include:
  • A loan servicing matter involving the assumption of a $780 million loan in connection with the sale, for $1.3 billion, of a landmark office building in Chicago.
  • Additional loan assumptions ranging from $9.9 million to $225 million, including one with a reverse 1031 component, with respect to an office building in Ohio, a mixed use building in Manhattan, a portfolio of campus apartments in Pennsylvania, hotels in Minnesota and Dallas and shopping malls in Oregon, Utah and New Jersey.
  • Non-permitted equity transfer requests with respect to, among others, a six-loan, $92 million loan portfolio secured by 30 properties located around the country, a loan portfolio totaling over $1.6 billion secured by 22 shopping centers located in 11 states, a $6 billion loan portfolio secured by 44 shopping centers throughout the United States and a $98 million loan portfolio secured by five office buildings located in three states.
  • A consent request for a non-permitted preferred equity investment with respect to a major office building in Manhattan encumbered by a $110 million CMBS mortgage loan.
  • A $60 million complex construction loan with a $6 million earn-out component for an office building in Oregon and a $44 million construction loan for an office building and parking garage in California.
  • The origination, modification and assumption of a $78 million mortgage loan facility secured by 22 hotel properties in multiple states.
  • Two ground-up, hotel construction loans ($60 million and $30 million).
  • The work-out of two Florida hotel construction and renovation loans ($51 million and $37 million).
  • The restructuring of a $102 million construction loan originated by an Irish bank for a mixed use project in Manhattan.
Mr. Goldman, together with other Seyfarth attorneys, has devoted a significant amount of time to counseling various emerging international companies on real estate, corporate, labor and employment, tax and other legal matters.
 
A member of the Firm’s Pro Bono Committee, Mr. Goldman has represented various not-for-profit organizations in connection with leasing and other real estate matters, including a children’s museum, a ballet company, a dance organization, an organization that provides support services to children in need and a group that encourages corporate philanthropy.

Education

  • J.D., Rutgers University Law School, Newark (1998)
  • B.A., Brandeis University, magna cum laude (1995)

Admissions

  • New York
  • New Jersey

Affiliations

  • Commercial Real Estate Finance Council (CREFC)
  • The Loan Syndications & Trading Association (LSTA)

Presentations

  • Co-Presenter, “Construction Loan Documentation,” Three-Part, Three-City Presentation for Major Institutional Lender (February 1, 2017, February 8, 2017 and February 15, 2017)
  • Panelist, “Unique Issues for Balance Sheet Lenders,” Trigild Fall Lender Conference (October 6, 2016)
  • Presenter, “Recent Servicing Challenges,” In-House Presentation for Major CMBS Loan Servicer (August 11, 2016)
  • Co-Presenter, "Lease Abstracts," Seyfarth Shaw LLP Continuing Legal Education (CLE) Event (July 19, 2013 and March 19, 2015)
  • "Negotiating Recourse Carve-Out Guaranties," Seyfarth Shaw LLP In-House Lecture (October 23, 2012)
  • "The Role of Permits, Licenses and Approvals in Commercial Real Estate Financing Transactions," Lorman Education, East Hanover, NJ (2005)
  • "The Pitfalls in Commercial Real Estate Contracts," In-House Seminar for major New Jersey Real Estate Firm, Wyckoff, NJ (2005)

Publications

  • Co-Author, “Changes in Washington:  How They May Affect Real Estate,” PREA Quarterly (Pension Real Estate Association) (Winter, 2017)
  • Co-Author, “The Impact of High Volatility Commercial Real Estate Rules on EB-5 Investments,” NES Financial’s Experts E-Book (July 25, 2016)
  • Co-Author, "Master Servicers and Special Servicers:  A Basic Overview," Real Estate Finance Journal (Fall/Winter, 2014)
  • Co-Author, "The End of the Reagan Era of Deregulation and Worship of the Free Market," Andrews Publications' Securities Litigation and Regulation Report and Financial Crisis Special Report (December, 2008)
  • “Digging Deeper: What You Need to Know About the Recently Expanded Grantee Fee (Mansion Tax) and the New Transferee Tax,” The Middlesex Advocate (September 2006) and NJPA Real Estate Journal (September 2006)
  • “Landowners, Developers and Real Estate Professionals Beware: The Evolution of the Land Merger Doctrine in New Jersey,” The Middlesex Advocate (May 2006) and NJPA Real Estate Journal (June 2006)
  • “Carbon Monoxide Sensor Devices: The New Regulations,” Community Trends (June 2003) and Exhibit A (Spring 2003)
  • “The Silent Killer…and What the Government Is Doing to Stop It,” New Jersey Realtor Magazine (Spring 199), The Middlesex Advocate (May 1999) andExhibit A (Summer 1999)
  • Co-Author, “Natural Resource Damage Recovery,” New Jersey Law Journal (July 10, 2000)
  • Co-Author, “When  to Redevelop,” New Jersey Law Journal (March 1999)
  • Co-Author, “Legal Theories for Challenging Downzoning,” Exhibit A (Summer 1999)